Figma has confidentially submitted a draft S-1 with the SEC | Figma Blog (opens in new tab)

Figma announced on April 15, 2025, that it had confidentially submitted a draft S-1 registration statement to the U.S. Securities and Exchange Commission. The filing gives the company the option to pursue an initial public offering, but the IPO remains conditional on SEC review and further decisions by Figma.

Confidential S-1 Submission

• Figma submitted a draft Registration Statement on Form S-1 to the SEC.
• The filing concerns a potential offering of Figma’s Class A common stock.
• Because the submission is confidential, Figma has not yet committed to completing an IPO.
• The announcement was made under Rule 135 of the Securities Act of 1933.

No Offering Details Yet

• Figma has not determined:
  • The number of shares that might be offered
  • The potential price range
  • The timing of a public offering
• Any future sale or solicitation of securities would occur only after the SEC completes its review and applicable registration requirements are satisfied.
• The announcement itself is not an offer to sell securities or a solicitation to buy them.

Figma’s announcement signals that it is preparing for a possible transition to public ownership while emphasizing that the process is preliminary. Investors will need to wait for later filings and SEC review before receiving financial details or confirmation of an IPO.